The Regulation And Taxation Of Marijuana Act - 1618 Words

November,8, 2016 the ballots were dispersed and votes were submitted. Question four on the ballot was known as the â€Å"The Regulation and Taxation of Marijuana Act.† The numbers came in and beginning December 15, 2016 in Massachusetts, individuals above the age of twenty-one will now be able to legally purchase, possess, cultivate, and use marijuana, with limitations on quantity, for recreational and medicinal use under the statutes of the state laws. While the prohibition of marijuana in Massachusetts has ended, many new movements must now begin to maintain, regulate, and pursue a positive outcome. With other states that have already passed such laws, such as Colorado, Massachusetts will begin to piggyback off their models. Developing a system that will hopefully come to fruition of all the possibilities and benefits this new law has promised. One of the greatest appeals of this law was the revenue that would be brought in from the sales of products of marijuana. Not only will the Commonwealth be able to implement an excise tax of 3.75%, there will also be an optional local sales tax of up to two percent of the total sales price by the retailer that will be directly applied to the city or town in which it was implemented. All revenue including state taxes, application and licensing fees, and civil fines will be placed in a Marijuana Regulation Fund and distributed for the usage of administrative fees, enforcement officials, and regulation staffing. Administrative fees willShow MoreRelatedAlternative Course Of Action :1355 Words   |  6 PagesAlternative course of Action: A. Alternative #1 – Do nothing and keep current legislation When it comes to medicinal cannabis and its regulation, we have the chance to keep the current legislation. This would include requiring potential patients to visit a certified doctor or practitioner in order to receive an official license. After obtaining this license the patient can then take their license into the government distribution facility . Once they have taken it in, the dosage will be confirmedRead MoreShould Cannabis Be Legalised?1595 Words   |  7 Pagesdetermine whether cannabis should be legalised in Australia. In most Western countries, Cannabis has been viewed as a dangerous narcotic, dating back to the 20th century, whilst a number of legislation acts have been put in place to prohibit this drug such as, the Geneva Convention Dangerous Drugs Act (1925), Individual country legislation: Great Britain, (1928); Australia (1928); USA, (1937) and the Single Convention on Narcotic Drugs, (1961). Australia has decriminalised cannabis since 1987 in allRead More Drugs and Alcohol Essay1599 Words   |  7 Pagesrecreational use. In the United States, marijuana has been and continues to be a very controversial drug. Some states have allowed marijuana consumption for medicinal purposes, while others have completely outlawed the drug. Those who are against the legalization and regulation of marijuana suggest the economical and health risk associated with consumption of the drug are too high. Although there is risk involved with the legalization of the marijuana, our country has already been risking tooRead MoreThe Legalization Of Marijuana Should Be Legalized1432 Words   |  6 Pages The legalization of marijuana is a controversial subject; however, there are many positive arguments to support the idea. It has been scientifically proven that marijuana is not a health risk and that it is less toxic than alcohol, caffeine, tobacco, and aspirin. It has helped many people with h ealth problems, such as, Aids, Cancer, Epilepsy, and many more. It would also bring in a large amount of tax revenue; further proving that marijuana should be legalized throughout the United States. ThereRead MoreLegalization Of Marijuan The Economic Case2418 Words   |  10 Pages LEGALIZATION OF MARIJUANA IN THE US: THE ECONOMIC CASE. BIE COOKEY-GAM ECONOMICS 280 DECEMBER 4TH 2014 JOHN WRIGHT ABSTRACT This paper intends to outline the benefits of legalization of marijuana, show the possible negative externalities from making a once illegal drug, fully legal and regulated. ItRead MoreThe Drug Prohibition Of The United States Of America1629 Words   |  7 Pagesconsumption. For instance, in the Netherland and Switzerland, where marijuana is legalized, the consumption rate is lower than in the United States of America, where consumption of Marijuana is prohibited in most of the states. This study argues for the legalization of the consumption of drugs and decriminalization of possession and use of drugs in the United States of America. Drugs were legal for many years before the 1914 Harrison Act. The period of massive availability of drugs and the consumptionRead MoreLegalization of Marijuana1550 Words   |  7 PagesLegalization of Marijuana: Benefits and Statistics The topic of legalizing marijuana has been a topic of controversy for quite some time now not only throughout our local streets, but throughout the local and into the state government. The legalization of marijuana is such a controversial topic because some are for it and some are against it. People are for the legalization because of the great uses it has towards medicine, the money that could come from the taxation of legalized marijuana, and theRead MoreMarijuana Legalization : A Missed Opportunity For California1635 Words   |  7 PagesCannabis Legalization, A Missed Opportunity for California It has been estimated that the legalization and subsequent taxation (excise and sales tax) of cannabis in California could generate anywhere between $990 million and $1.4 billion annually in tax revenue. Additionally it has been estimated that legalization could reduce statewide enforcement costs by $150 million annually. Considering the number of human service agencies, departments, and programs that have had their budgets either significantlyRead MoreShould Marijuana Be Legal?939 Words   |  4 Pagesnews about crime is the pharmaceutical industry. Marijuana in the United States, with the exception of a few states, is illegal and pharmaceutical corporations want to keep it that way. They influence the news and legislators by providing information on the effects of marijuana as well as give money to other corporations to keep prohibition of marijuana around. Even though marijuana could be used for medicinal purpose, self-cultivation of marijuana pose a risk financially to pharmaceu tical companiesRead More Decriminalization and Regulation of Marijuana Essay2191 Words   |  9 PagesMarijuana has a long standing history of being one of the most controversial substances in America. While the history or the Cannabis plant indicates not only acceptance as a useful plant, but even advocated as a source of revenue and medicinal usage, much of the United States government propaganda over the last 100+ years has led Americans to accept very slighted and often false information about the plant and its uses. Based on the origin of the illegalization of marijuana and the inconsistent